Locator: 45308B.
Saudis extend their current production cut for another month, through September. Link here. More interesting thread here.
Oh-oh: Saudi's Sabic, world's largest chemical firm, reports a profit drop of 86%. Link here.
High-sulphur fuel oil: priced at a premium to ICE Brent for the first time since at least 2005 and probably ever. Link here. Do you remember all those stories some years ago that cargo ships were mandated to convert to cleaner fuels, like LNG?
WMB: nice. Reports a 2.5% beat. Earnings came in at $1.61 billion vs $1.57 billion.
BUD: nice. Predicted on the blog. LOL. Earnings beat expectations. CEO keeps his job.
AA: talking to Airbus and Boeing about ordering more jets. Now, they just need more pilots.
Rolls-Royce: really nice. Fivefold increase in profit.
SRE: really, really nice. EPS beat by 13 cents; $1.88. Revenue miss by $200 million; $3.34 billioon.
Most interesting story we might see today: link here. Stand-alone here.
WTI: $80.27. On back of Saudi news to extend cuts through September.
39570, conf, Challenger Point Energy, Jacobsen 13-6,
39539, conf, WPX, Two Shields Butte 16-8-7-13HA,
39480, conf, CLR, Meadowlark 12-6HSL1,
39472, conf, Ovintiv, Newman 150-97-21-16-1H,
35018, conf, BR, Lillibridge 1C MBH,
RBN Energy: Enterprise's NGL and petchem distribution and export machine. Archived.
Enterprise Products Partners doesn’t just extract mixed NGLs from associated gas at processing plants, transport that Y-grade to the NGL hub at Mont Belvieu, and fractionate NGLs into “purity products” like ethane, propane and butanes. The midstream giant also distributes purity products to Gulf Coast steam crackers and refineries, converts propane to propylene at its two propane dehydrogenation (PDH) plants, distributes ethylene and propylene, transports propane and butane to wholesale markets across much of the eastern half of the U.S., and exports a wide range of products — ethane, LPG, ethylene and propylene among them — from two Enterprise marine terminals on the Houston Ship Channel. (Another export terminal in Beaumont, TX, is in the works.) Talk about a value chain! In today’s RBN blog, we continue our series on NGL networks with a look at Enterprise’s NGL and petrochemical production, distribution and export assets.
'39540, conf, WPX, Two Shields Butte 16-8-7-13H3U'. Does this mean the initial production numbers should be coming shortly? I noticed the date is 6 months since spudding of the well.
ReplyDeleteThere is nothing in the NDIC well file except the planning papers and the application for the permit; if drilled to depth, no paperwork to show that. If drilled to depth, it may or may not be fracked yet. It's nearest neighbor has just come off-line suggesting activity (new drilling, fracking) in this area.
DeleteThanks. I believe the well to be to completion. But I could be wrong. Thank you for your input and guidance as always.
ReplyDeleteYou are correct; you were ahead of me on this one. I did not expect to see FracFocus data so soon. I learned something. More on that later. Thank you so much. See this post: https://themilliondollarway.blogspot.com/2023/08/a-reader-was-ahead-of-me-on-this-one.html.
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